Bad debts tend to rise despite slow credit expansion

Bad debts tend to rise despite slow credit expansion

Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.
Top 10 most valuable brands worth 8.1 billion USD

Top 10 most valuable brands worth 8.1 billion USD

The top 10 most valuable brands in Vietnam 2020 are worth 8.1 billion USD, increasing by 17 percent from last year and accounting for 30 percent of the list’s total value, according to Forbes Vietnam magazine.
Singapore sovereign wealth fund GIC reports worst 20-year annual results

Singapore sovereign wealth fund GIC reports worst 20-year annual results

GIC has just reported its worst 20-year annualised results in more than 10 years, coupled with a decrease in returns caused by the COVID-19 pandemic.
Vietcombank plans to raise charter capital via share issuance

Vietcombank plans to raise charter capital via share issuance

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) plans to increase its charter capital for the 2020-2021 period by paying dividends in shares and issuing additional shares, according to documents of the upcoming annual shareholders’ meeting scheduled for June 26.
Reference exchange rate up 8 VND on April 21

Reference exchange rate up 8 VND on April 21

The State Bank of Vietnam set the daily reference exchange rate at 23,246 VND per USD on April 21, up 8 VND from the previous day.
Fitch downgrades outlook on Vietcombank, VietinBank, ACB, MB, and ANZ

Fitch downgrades outlook on Vietcombank, VietinBank, ACB, MB, and ANZ

Credit ratings provider Fitch Ratings has downgraded its outlook on four local and one foreign bank in Vietnam – Vietcombank, VietinBank, MB, ACB, and ANZ.
Reference exchange rate down 10 VND on March 25

Reference exchange rate down 10 VND on March 25

The State Bank of Vietnam set the daily reference exchange rate at 23,250 VND per USD on March 25, down 10 VND from the previous day.
Banks support customers affected by COVID-19

Banks support customers affected by COVID-19

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked commercial banks to promptly to support customers affected by COVID-19.
Vietcombank looking to stage $260 million bond issuance

Vietcombank looking to stage $260 million bond issuance

Vietcombank will sell 60 millions of bonds which is equivalent to VND6 trillion ($258 million), the movement is known as the first issuance of the bank in 2020
Reference exchange rate continues going up

Reference exchange rate continues going up

The State Bank of Vietnam set the daily reference exchange rate at 23,242 VND per USD on March 19, up 10 VND from the previous day.
Lenders at odds with supporting strategies

Lenders at odds with supporting strategies

While Vietnamese lenders have stepped up their support for the virus-hit economy by reducing lending rates or offering relief measures, foreign banks are adopting a wait-and-see approach.
Government backs capital hike plans for four State-owned banks

Government backs capital hike plans for four State-owned banks

The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Viet Nam (SBV) Le Minh Hung.
Reference exchange rate down 7 VND on January 10

Reference exchange rate down 7 VND on January 10

The State Bank of Vietnam set the daily reference exchange rate at 23,166 VND/USD on January 10, down 7 VND from the previous day.
Vietcombank officially opens representative office in New York City

Vietcombank officially opens representative office in New York City 1

On November 1, Vietcombank will officially open its representative office in New York City, located at Suite 14P, One Rockefeller Plaza in Midtown Manhattan
Europe firms may purchase 49pc in local banks

Europe firms may purchase 49pc in local banks

The Vietnamese Government may allow European financial firms to buy up to 49 per cent of only two local commercial banks, Nguyen Thi Thu Trang, Director of the WTO Integration Centre at the Vietnam Chamber of Commerce and Industry, said on Wednesday.
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